ELECTRIC AGGREGATION NOT RENEWING
The current Sycamore Township electric aggregation program expires in December 2022. The goal for Energy Alliances, the Township’s energy consultant, was to find an alternative supplier able to beat Duke Energy Ohio’s default generation rate of 6.38¢ per kWh before the program’s expiration. After thorough analysis, Energy Alliances did not find a supplier that could compete with Duke Energy Ohio’s rate and suggested to the Township that they not renew the electric aggregation program. Energy Alliances recommended that all the accounts on the program to go back to Duke Energy Ohio’s default generation rate in December 2022.
Energy Alliances will continue to watch the market and plans to bring options to the Township if they see a favorable alternative. The earliest the program would return is likely Spring of 2023.
The aggregated gas supplier for Sycamore Township is now AEP Energy. The Township ended its contract with Constellation when the last agreement expired in May, 2022. At that point, energy consultant Energy Alliances recommended the Township hold off on locking into any agreement due to a significant increase in energy prices. Since then, Energy Alliance was able to take advantage of a dip in the market to lock in a fixed price of $0.839 per ccf with AEP Energy until October 2024.
AEP Energy 888-659-3888